Out of Egypt: Protests are Headed for America

Filed in BP, Debt, frontline, Gold, Gold Market, inflation, Lear, o, Quantitative Easing by on February 12, 2011 0 Comments

Don’t think that what happened in Egypt can not possibly happen here. Because the truth is when a big swath of the population is no longer served by the festering status quo, they wake up one day and decide not play ball after all. And once that faith is lost, it is gone forever. I actually think we are much closer to that moment than most people would think. You see, I work all day in an office full of 20-somethings. They are a diverse bunch. They’re smart and they work hard. But the one thing they all have in common is they are stuck on a ladder with no where to go. Buried in debt from student loans and various other sources, they are trapped in time unable grab the next rung. Among them the most common refrain is: “I can’t” They would like to further their education…but they can’t. They would like to buy a house…..but they can’t. They would like to buy a car….but they can’t. They would like to have children….but they can’t. There’s more to the list…but you get the picture. Of course, when you look at their list of wants you realize that what they want is no different than what everyone else has wanted at one time or another. The difference is in their world it’s a lot harder to attain—if not impossible in some cases. The reason for this is pretty simple: The cost of their dreams can’t be met with their incomes and adding more debt for them is not much of an option . Everything single thing on their list and then some simply costs too much. As a result, they go without. One day I suspect they will take to the streets. By the way, here’s a great video I found this morning on zerohedge. It’s your life according to the government… The status quo cannot possibly be maintained. Related Articles: Government Run Amok: Unintended Consequences Trouble in Retail: Three Charts from the Frontlines How Uncle Sam Fiddles with the Figures Quantitative Easing For Dummies To learn more about Wealth Daily click here Advertisement Samurai Super Alloy It was the secret ingredient that turned an ordinary sword into the legendary Samurai Katana— the deadliest weapon before the arrival of modern rifles. Today, it’s crucial to the $987billion/year global steel industry… And the world’s supply is quickly running out. Find out how a tiny mining company sitting on one of the last untapped deposits of this metal could hand you 2682% — in the next 12 months! Out of Egypt: Protests are Headed for America originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Out of Egypt: Protests are Headed for America

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